Steady trading pattern goes on for small parcels
STEADY trade in smaller parcels of ground continues, with properties selling at or above guide prices.
Typical of the current transactions was the sale after auction of a 36ac non-residential farm at Rathcline, Lanesboro, Co Longford. The property made over €380,000 or €10,550/ac, surpassing its guide by at least €100,000.
The farm is described by Dylan Murtagh, of Murtagh Brothers, Mullingar, as an excellent parcel of land on an elevated site overlooking the Shannon.
It is located 1.5 miles from the village of Lanesboro.
Currently under grass, the ground is said to be suitable for any kind of farming, is well fenced, watered with mains water and has substantial road frontage.
Some 30 people attended the sale at the Longford Arms and bidding opened at €300,000.
Two bidders took to the task with such energy they caused many other interested parties to pull back.
Matters moved swiftly in increments of €10,000 until the property was withdrawn at €380,000 and sold for a higher price immediately afterwards to a Roscommon farmer.